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Food prices increase in October, says NBS

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food-prices-increase-in-october,-says-nbs

By John Ofikhenua, Abuja

Prices of food items soared in October, a report by National Bureau of Statistics (NBS) stated on Wednesday.

According to its selected food price watch for the month under review, the average price of 1kg of tomato increased year-on-year by 31.81 per cent and month-on-month by 7.22 per cent  to N307.63 in October 2020 from N286.92 in September 2020.

The report also noted that the average price of 1kg of rice (imported high quality sold loose) increased year-on-year by 38.62 per cent and month-on-month by 2.75 per cent  to N530.32 in October 2020 from N516.13 in September 2020.

The selected food price watch data for October 2020 also reflected that the average price of 1 dozen of Agric eggs medium size increased year-on-year by 5.48 per cent  and month-on month by 1.47 per cent  to N487.81 in October 2020 from N480.76 in September 2020 while the average price of piece of Agric eggs medium size (price of one) increased year-on-year by 7.92 per cent and month-on-month by 1.92 per cent  to N43.72 in October 2020 from N42.90 in September 2020.

The NBS said similarly, the average price of 1kg of yam tuber increased year-on-year by 35.11 per cent  and decreased month on month by -1.12 per cent  to N242.87 in October 2020 from N245.62 in September 2020.

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